CMKM Diamonds Inc. (fka CMKX)

[zeninvestor32]

ADDENDUM TO LAST NIGHT'S POST.

I appreciate everyone's compliments. No backpedaling here, but just want to make sure it's clear why there is still risk and this is still a "risky" stock. The two things that concern me most (obviously WELL counterbalanced by all the positives IMO that make this an outstanding risk/reward ratio):

1. The shorts are large, strong and well-funded. You know how in professional sports, the guy that gets ejected is sometimes the SECOND guy that throws the punch? They never saw the first punch thrown so suddenly a technical is called and the second guy is the one tossed. Well, as absurd as this sounds, it wouldn't shock me for the shorts to come back screaming "No fair!" and attempt to have the SEC look into Urban for manipulating the market. Granted I think it would be hysterical for them to be screaming in court "Your Honor, I know we illegally shorted this stock into oblivion attempting to run it into bankruptcy, but Urban manipulated the market by buying up all the shares!" I know it sounds absurd but they'll have their high priced attorneys too and in my opinion this could be completely novel legal ground. My assumption would be that Urban would win the day on any such grounds but that does NOT mean this isn't going to be a hotly contested battle. I'm just offering up the reasons for POTENTIAL risk, not necessarily any actual risk. I expect that if Urban has the shorts under his thumb that they will pull every trick in the legal book to get out. And I would NEVER underestimate their cleverness, resourcefulness and more. Thankfully we have an outstanding firm and attorney representing our interests should the naked short issue actually materialize.

2. The other stumbling block are Urban and Melvin. These are obviously a couple of guys with some attitude. They seem like homespun, good people and that may be their downfall. If they don't tighten up their lips soon (the message board is a good start) they will put everything in danger. I just see them as two bulls in a china shop and god knows one of them goes out one night and gets drunk and tells all to some random investor who posts it all over the internet. These guys worry me. Hopefully this worry is unjustified.

I still believe there is plenty of risk associated in seeing all of this magically come true. And I don't discount the possibility at ALL that Urban simply hired Glenn to help them become a reporting company. That maybe the outstanding share count is 100 billion, it is trading normally and that we will attempt to build value by becoming fully reporting and through diamond exploration.

Anything is possible here. I just want to make sure that I express clearly that while i CLEARLY am invested in this because the risk/reward ratio seems very favorable to me, that this is NOT a risk-free investment. In fact, it is very risky. I loook for the shorts to pull their media connections HARD this week and have a very unfavorable "analyst opinion" published this week that makes CMKX sound like a scam. Whether it's through Forbes, Barrons or Stockwatch (3 publications I've always suspected are well under the shorts' control), they will pull a "hit and run" through the media at SOME point. They haven't pulled this card yet, but I look at it as a VERY likely possibility. THAT day will be unpredictable and volatile as any day you've ever experienced in this market. Hopefully Urban can get out enough irrefutable facts before any such appearance but, as I've said, we're on the lawyer's timeframe now, and that may not fit everyone's expectations. But everyone that has ever bought a very risky investment and was proven right, generally got a very huge reward. Those that bought in at the darkest hour on Healthsouth at 10 cents were smiling last week when a year later it had come all the way back and was at 6 bucks (assuming anyone held through it all). I'm still completely on the "connect the dots" theory I posted earlier. My instincts tell me that Roger Glenn was hired for some very serious business. We'll find out. Hopefully soon.

For those that missed my post last night, it's at:

http://investorshub.com/boards/read_msg.asp?message_id=3378958

For those that still have any engagement whatsoever with Ms Shell or others that I believe are actually a part of the short sellers (despite their infinite protests otherwise), here's my last comment on them:

http://investorshub.com/boards/read_msg.asp?message_id=3364331